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Amerant Bancorp Inc. (NYSE: AMTB) is a renowned bank holding company headquartered in Coral Gables, Florida, operating since 1979. It primarily serves through its main subsidiary, Amerant Bank, N.A., the largest community bank headquartered in Florida. The company offers a comprehensive range of deposit, credit, and wealth management services to individuals and businesses across the United States and internationally.
Amerant provides various banking products, including checking and savings accounts, certificates of deposit, and money market accounts. It also offers a wide array of loan products such as variable and fixed-rate commercial real estate loans, loans secured by owner-occupied properties, working capital loans, asset-based lending, and small business administration loans. Additionally, the company extends consumer loans and overdrafts.
In terms of recent achievements, Amerant has strategically expanded its footprint in South Florida with the opening of a new banking center on Las Olas Blvd in Ft. Lauderdale. This move underlines their commitment to providing relationship-centric banking services. Furthermore, Amerant has entered into strategic partnerships with notable organizations like iCapital for enhanced wealth management offerings and the Miami Marlins, strengthening its community presence.
Financially, Amerant reported net income attributable to the company of $10.6 million for the first quarter of 2024, with total assets amounting to $9.8 billion. The company’s financial stability is further supported by robust non-performing asset management and strategic asset sales, such as the sale of its Houston-based operations to MidFirst Bank, allowing it to focus more on its core markets in Florida.
Amerant’s involvement in community initiatives is significant, highlighted by its “Saves for Vets” program in partnership with the Florida Panthers, which supports veteran-focused nonprofit organizations.
Amerant Bancorp Inc. continues to innovate and expand, ensuring its services meet the evolving needs of its diverse client base while maintaining a strong presence in the communities it serves.
Amerant Bank has been awarded the Innovation Award by Mastercard in the annual Community Institution Segment Awards for its outstanding technological advancements that enhance customer experience. This recognition highlights Amerant's commitment to innovation, community impact, and leadership in the banking sector. The bank operates 27 centers primarily in Florida and Texas, providing various financial services to both individuals and businesses. CEO Millar Wilson expressed gratitude towards the team for their dedication and creativity in delivering effective digital solutions.
Amerant Bancorp has appointed Adrian D. Collard as Senior Vice President and Chief Marketing Officer. Collard, a recognized innovator, will oversee the marketing strategy to enhance brand value and drive growth. Previously, he was Interim CMO at Mastercard Latin America and has held leadership roles at PayPal and Young & Rubicam. CEO Millar Wilson praised Collard's track record in elevating brands. Additionally, Collard expressed confidence in Amerant's positioning for industry leadership. He holds a Bachelor’s degree from the University of Kent and has received multiple marketing accolades.
Amerant Bancorp Inc. (NASDAQ: AMTB) reported a net loss of $15.3 million for Q2 2020, a decline from net income of $3.4 million in Q1 2020 and $12.9 million in Q2 2019. The six-month net loss reached $11.9 million, impacting net income per share, which was $0.37 in Q2 2020. Operating income rose by 29.7% to $21.6 million. The bank bolstered its credit reserves to historic high levels, recording a provision for loan losses of $48.6 million. Total loans increased by 3.6%, and total deposits rose by 3.1%, totaling $6.0 billion. Amerant remains committed to customer relationships amidst the COVID-19 pandemic.
Amerant Bancorp Inc. (NASDAQ: AMTB) announced it will report its second quarter 2020 earnings results before the market opens on July 24, 2020. CEO Millar Wilson, CFO Carlos Iafigliola, and CBO Miguel Palacios will discuss the financial results in a conference call at 9:30 AM ET. Investors can access the call via the company’s website or by dialing 866-987-6807. Amerant Bancorp is the largest community bank in Florida, operating 27 banking centers and providing a range of financial services.
Amerant Bancorp Inc. has completed a registered offering of senior notes due 2025, raising $60 million, exceeding initial expectations due to high demand. The notes carry a 5.75% interest rate, payable semi-annually, and are backed by the Company's subsidiary, Amerant Florida Bancorp. Proceeds will support general corporate purposes, including working capital and potential acquisitions. The offering was managed by Raymond James & Associates, with regulatory filings made with the SEC.
Amerant Bancorp Inc. (NASDAQ: AMTB) has priced a registered offering of senior notes totaling $46.0 million, with an interest rate of 5.75% per annum. These unsecured notes will mature on June 30, 2025, and interest payments will commence on December 30, 2020. Proceeds from the offering will support general corporate purposes, including working capital and potential acquisitions. The offering is expected to close on June 23, 2020.
AMERANT BANCORP INC. (NASDAQ: AMTB) has announced a registered public offering of senior notes due 2025. The notes will rank equally with existing unsecured and unsubordinated debts and are guaranteed by its subsidiary, Amerant Florida Bancorp Inc. Proceeds will be utilized for general corporate purposes, including supporting organic growth and repaying indebtedness. The offering is subject to market conditions, and no assurance can be given regarding its completion or terms. Raymond James & Associates, Inc. will serve as the sole book-running manager for the offering.
Amerant Bancorp Inc. (NASDAQ: AMTB) has appointed Carlos Iafigliola as Executive Vice President and Chief Financial Officer, succeeding his role as interim CFO since March 2020. With a tenure dating back to 2004, Iafigliola has held various management positions, including Senior Vice President and Treasury Manager. His leadership is expected to enhance Amerant's growth strategy as a community bank while navigating challenges. The announcement highlights the company's commitment to adding value for its customers, employees, communities, and shareholders.
Amerant Bancorp Inc. (NASDAQ: AMTB) announced that its 2020 Annual Meeting of Shareholders will be held virtually on June 3, 2020, at 8:00 a.m. Eastern Time, due to COVID-19 concerns. There will be no physical location for the meeting. Shareholders can join online starting at 7:45 a.m. Participants must log in as either 'Guest' or 'Shareholder' using a control number and the password AMTB2020. Voting instructions remain unchanged from previous communications. Shareholders are encouraged to vote in advance.
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